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Don't obsess over online home value estimates

June 21, 2008

Sydney Morning Herald
SFGate.com
Theage.com.au
Tennessean.com
myCentralJersey.com
Contra Costa Times
The Daily Journal San Mateo
San Diego Union Tribune

..."The percentage of error on these estimates is still very large," says Delores Conway, director of the Casden Forecast at the University of Southern California Lusk Center for Real Estate. If there are not many comparable sales in one area, for example, she says, "the estimates will have huge errors in them."...